Home Book publication Commercial update EVS Q3 2021. Confirmation of good results for

Commercial update EVS Q3 2021. Confirmation of good results for

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Publication on November 18e, 2021, before the market opens
Regulated and privileged information
EVS Broadcast Equipment SA: Euronext Brussels (EVS.BR), Bloomberg (EVS BB), Reuters (EVSB.BR)

EVS Q3 2021 Commercial update
Confirmation of good results for 2021

EVS world leader in live video technology for broadcast and new media productions today
announces its commercial update for the third quarter ending September 30e 2021.

STRONG POINTS

  • EVS announces that the revenue forecast for the year 2021 is revised upwards to more than 135 million euros, but still based on potential supply chain problems.
  • 2021 revenue recognized * as of September 30e, 2021 amounts to € 111.9 million compared to € 71.0 million last year **.
  • For 2022, EVS sees a growing impact of global shortages in the electronic components supply chain.
  • EVS will distribute an interim dividend of 0.50 EUR per share by the end of November 2021.
  • Ms. Veerle de Wit has been appointed Chief Financial Officer as of November 2sd 2021.

* including 2021 already recognized rrevenues and orders in progress which will be recognized as revenues in 2021
** exceptuding Big Events RentaI

FEEDBACK

Serge Van Herck, CEO comments on business development: I am happy to say that we should indeed be able to deliver strong financial results in 2021. After a difficult 2020 for Covid, we are clearly benefiting from a post-Covid recovery. While our LAB (Live Audience Business) customers have continued to generate growth over the past few years, we are now also seeing our LSP (Live Service Providers) customers return to business levels. similar to preCovid. I am too happy to observe very good market traction for our 3 main solutions, supporting both increased revenue forecasts and feed our order book for 2022 and the following years. The shortage situation that we are seeing in the electronic components market continues to be a cause for concern and is being closely watched as it could have a negative effect on our ability to deliver new orders to our customers on time. I take this opportunity to thank all the colleagues at EVS for having obtained such solid results in still very difficult Covid conditions around the world.

Comment on results and outlook, M / s. Veerle de Wit – the newly appointed CFO, noted: Our 2021 income should be solid thanks to a large order book at the start of the year and thanks to significant revenues from Rental Large Events. Also our strong order intake for 2021 (growing 79.6% TTC Big Event Rentals) made a significant contribution to our revenue results. These good results in terms of order intake also pave the way for our future success. especially in our order book for 2022. Our control over operating expenses remains strong and the already strong health of our record is further improvement.”.

EVS Marlet Dynamic and the customer wins

We are seeing better results than expected in our 3 market revenue pillars (Live Service Providers – LSP, Live Audience Business – LAB and Big Event Rental – BER).

The big summer events were a success for EVS both from an operational and revenue point of view with slightly higher than expected revenue thanks to the provision of additional services.

We are seeing a significant catching up of the LSP market pillar that continues even after the major summer events. Some customers partly compensate for the investments delayed from 2020. Others are continuing their investments to modernize their OBVans. Although some parts of production workflows are still performed remotely, a significant portion of premium productions has returned to a new normal situation, with most workflows taking place on site.

Our LAB customers continue to modernize their global infrastructure by leveraging key technology foundations based on IP, virtualization, 4K, HDR and remote production. There is significant traction in the market for EVS MediaCeption solutions.

The traction for media infrastructure solutions is also increasing, particularly in the Americas where they were completely unknown 18 months ago before the Axon acquisition.

For 2022, EVS remains concerned about global shortages in the supply chain for electronic components.

Some key topics:

  • EVS recently received two TV Technology NAB Best in Market Awards for its cloud-based super slow motion service XtraMotion and for its turnkey SDI / IP routing solution MediaInfra Strada.
  • Game Creek Video, a leading provider of advanced mobile production units for large-scale live events, recently completed the upgrade of one of its flagship HD production units to full HDR capabilities. based on LiveCeption® and MediaCeption from EVS. ® solutions.
  • While the NAB show in Las Vegas was canceled, EVS recently attended the CABSAT show in Dubai with the opportunity and joy to meet customers face to face.
  • EVS is accelerating the organization of regular webinars to promote new solutions and guide clients in their investment and modernization projects.
  • The three main solutions LiveCeption, MediaCeption and Media Infrastructure are very well received by our customers, all contributing positively to our order book.
  • Ms. Veerle de Wit has been appointed Chief Financial Officer as of November 2sd 2021. She previously held the position of CFO for IBM Belgium and more recently that of CFO for NTT Belgium. His vast international financial and operational expertise as well as his strong affinity for business and technology will be major assets to support the future growth of EVS. His extensive experience in successfully integrating acquired teams and businesses is an added advantage that will help EVS execute future transactions.

Outlook

2021 revenue recognized * as of September 30e 2021 amounted to 111.9 million euros compared to 71.0 million euros last year (year-on-year increase of 57.6%, all excluding rentals for major events). On top of that, Big Event Rental recorded revenues of 13.0 million euros (up 11.8 million euros year-on-year), obviously due to the major sporting events held during the summer period. . These results form the basis of the revised revenue forecasts published by EVS.

In addition to the strong revenue results recorded, EVS also has a strong backlog for 2022 and beyond, while we remain cautious about our ability to deliver this backlog on time, given the shortage on the electronic components market.

Operating expenses continue to be closely monitored while balancing needs against projected growth. EVS forecasts a slight increase in operating expenses in 2021, compared to 2020 (also as a consequence of the integration of the acquisition of Axon Media Infrastructure completed in May 2020).

Interim dividend

The Board of Directors has decided to pay an interim dividend of EUR 0.50 per share. Ex date will be November 24e, 2021 (coupon # 31) and the payment date will be November 26e, 2021.

Company calendar:

February 24e, 2022: 2H2021 results and 2021 financial year
May 17e, 2022: General Assembly
May 19e, 2022: results for the first quarter of 2022
25 auguste, 2022: results for the first half of 2022
November 17e, 2022: results for the third quarter of 2022

For more information please contact:

Veerle DE WIT, CFO *
EVS Broadcast Equipment SA, Liège Science Park, 13 rue du Bois Saint-Jean, B-4102 Seraing, Belgium
Phone. : +32 4 361 70 00. E-mail: [email protected]; www.evs.com
* representing a srl

Forward-looking statements
This press release contains forward-looking statements concerning the business, financial condition and results of operations of EVS and its affiliates. These statements are based on the current expectations or beliefs of the management of EVS and are subject to a number of risks and uncertainties which could cause the actual results or performance of the Company to differ materially from those contemplated in these forward-looking statements. . These risks and uncertainties are linked to changes in technology and market requirements, to the company’s concentration on a single sector, to the decline in demand for the company’s products and those of its subsidiaries, the inability to develop and timely introduce new technologies, products and applications, and the loss of market share and price pressure resulting from competition that could cause actual results or performance of the company to be materially different those contemplated in these forward-looking statements. EVS does not undertake to publish revisions of these forward-looking statements to reflect events or circumstances subsequent to the date hereof or to reflect the occurrence of unforeseen events.

About EVS

We create a return on emotion.

EVS is globally recognized as a leader in live video technology for broadcast and new media productions. Our passion and our goal is to help our clients create immersive stories that trigger the best return on emotion. Through a wide range of products and solutions, we deliver the most compelling live sports images, buzzing entertainment shows and breaking news content to billions of viewers every day – and in real time.
The company is headquartered in Belgium with offices in Europe, the Middle East, Asia and North America, and provides commercial and technical assistance in over 100 countries.
EVS is a public limited company listed on Euronext Brussels: EVS, ISIN: BE0003820371.
For more information, please visit www.evs.com.

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